As Is Where Is Must Be Sold

SOLD - This listing was sold in November 2015
- Mouthwatering "as is where is" opportunity. Block of 7 units, 5 two bedroom and 2 one bedroom units (all with garage or car port) inside the four Avenues within the Avon Loop.
- "As is" Investors will like the current income without any need for improvements.
- Developers have two options; repair the units and increase the rental return or demolish and develop the 1017sqm site.
- All units are liveable and with instant income from 4 units and a projected rent roll of $105,000 when all units tenanted.
- The area is already undergoing renewal with a lot of new residential and commercial developments happening close by.
- Close knit community that offers great support to elderly and young families for example; Bridge club, community cottage and play group.
- Close to future Margaret Mahy park development, which has Uniquely designed recreational spaces, art pieces and water features.
- Walking distance to local amenities:- Kilmore road shops, Pomeroy's Brewery and Inn and the soon to be Re-opened Piko Health store.

Insurance has been settled, the decision has been made, this will be sold!

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Main Property Features

Listing Number: CR28759

Land Size:
1016 sqm
Tenure:
Stratum in freehold
Approx year built:
1974
Property Type:
Block of units
Unit style:
Number in block: 7, Number of levels: 2
Garaging / carparking:
6x Single Lock-up, Open carport
Construction:
Block and Fibre Cement Sheet
Joinery:
Aluminium
Roof:
Tile and Corrugated Iron
Flooring:
Vinyl and Carpet
Window coverings:
Drapes
Heating / Cooling:
Electric, Other (Heatpump)
Property Features:
Smoke alarms
Living area:
Open plan
Main bedroom:
Double and Built-in-robe
Bedroom 2:
Double and Built-in / wardrobe
Bedroom 3:
Double and Built-in / wardrobe
Bedroom 4:
Double and Built-in / wardrobe
Bedroom 5:
Double and Built-in / wardrobe
Bedroom 6:
Double and Built-in / wardrobe
Bedroom 7:
Double and Built-in / wardrobe
Bedroom 8:
Double and Built-in / wardrobe
Bedroom 9:
Double and Built-in / wardrobe
Bedroom 10:
Double and Built-in / wardrobe
Laundry:
Separate
Outdoor living:
Garden, Deck / patio
Fencing:
Partial
Land contour:
Flat
Grounds:
Tidy
Water heating:
Electric
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to transport, Close to shops
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Licensed REAA 2008

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Harcourts City Christchurch

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Ave
Christchurch
Office website or View office details

Property Location